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Anyone considering buying more Warehouse shares given the announcement yesterday that the Court of appeal has upheld the Commerce Commissions appeal that the company shouldn't be sold to either Woolworths or Foodstuffs?

I think it will go to the Supreme Court and possibly to a judicial review of that court's decision. It has been done before between Woolworths and Foodstuffs.

There are about 10 days to go before the deadline for Woolworths or Foodstuffs to make an appeal to the Supreme Court regarding the decision made against them to allow them to make a bid for The Warehouse, in The Court of Appeal earlier last month.

This company is still on the block even though none of the participants have been candid about the takeover process that appears in limbo. Nobody has made a pre-emptive mood or discussed dropping a bid.

My wallet is hanging out - oh yeah, and I quietly bought some more a few months back

"There's no concerns about our guidance for the year," Chief Executive Michael Luscombe told analysts. He said investors should not read anything into the fact that the company had not mentioned its full-year outlook for net profit after tax growth of 11-14 percent on a 52 week comparative basis in its Wednesday sales announcement (see [ID:nSYD507732]). (Reporting by Sonali Paul)

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Interesting to see The Warehouse making a move in the retail market to plug the gap with smaller stores that they don't fill with larger ones. Small towns and areas of big cities will get these and they should do well.

Retailer The Warehouse has opened the first of its smaller format stores, with plans to roll out about 15 in coming years.

The company said the first of its The Warehouse Local stores was opened in Mosgiel, near Dunedin, and the company now had 86 stores nationwide.

Research carried out with 600 Mosgiel residents determined the range and choice of products in the first local store, The Warehouse said today.

It had employed Dunedin locals to fill three of the six store management and supervisor roles in the Mosgiel store, and all of the 22 service staff from the small community.

Mosgiel resident and Dunedin deputy mayor Syd Brown said The Warehouse's presence offered new and welcome employment opportunities to a community hard hit by recent set-backs.

"There's no concerns about our guidance for the year," Chief Executive Michael Luscombe told analysts. He said investors should not read anything into the fact that the company had not mentioned its full-year outlook for net profit after tax growth of 11-14 percent on a 52 week comparative basis in its Wednesday sales announcement (see [ID:nSYD507732]). (Reporting by Sonali Paul)

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It will be interesting to see whether the north of $7 price per share will be offered when either one of the bidders makes a decision to have a go.

It will be interesting to see The Warehouse FY out this Friday. Indications of future performance will be central to share price recovery in the short term and issues over ownership could be broached again.

The first step In Woolworths OZ re branding of their NZ supermarket offer has begun with one brand instead of 3. That, in my humble opinion, is a step towards them making a bid for The Warehouse. Makes sense to have two strong brands in their retail footprint. One food offering and one general retail - both targeted at the budget end of the market.